Nigeria borrows N7 trillion to finance 2021 budget – Afrinvest

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Nigeria borrows

Nigeria’s financial status deteriorated in 2021 as the nation’s expenditure surpassed revenue resulting in a fiscal deficit of N7.3 trillion instead of N6.44 trillion approved in the 2021 Appropriation Act, a new report by Afrinvest has shown. The extra borrowings came from the domestic creditors, foreign creditors and the Central Bank of Nigeria’s Ways and […]

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